Project X · Hyperliquid L1

WHYPE-UETH (0.3%)

Overview

The Project X WHYPE-UETH pool on Hyperliquid L1 is a multi-asset liquidity position that generates yield through trading fees from decentralized exchange activities. The protocol aggregates liquidity for the WHYPE-UETH pair, allowing users to earn from transaction volumes.

Total APY stands at 9.38%, with no additional reward component. Over the past week, the rate has trended down by 6.83%, and over the last month, it has declined further by 2.86%. This places the current yield below the 30-day mean of 14.53%.

TVL is currently $3.52M with no reported change in the past week. The primary risk for this pool involves impermanent loss due to its multi-asset nature, exposing liquidity providers to price fluctuations between WHYPE and UETH. Liquidity depth remains a key factor influencing trading fees and overall yield stability within this DEX environment.

Composed 2026-05-20 from the structured data above. See methodology for the full pipeline.

Risk profile

• Smart contract risk

  Funds are deposited into a smart contract. A bug or exploit in the contract could lead to total loss. Audits reduce, but do not eliminate, this risk. Check the protocol page for audit history.

• Impermanent loss

  This pool holds multiple assets, so price divergence between them can reduce your USD value below what holding the assets separately would yield.

• Yield variability

  Current APY is 11.99%; 30-day mean is 19.52%. Yields can change as TVL and incentive emissions change.

• DefiLlama yield prediction

  DefiLlama's model classifies this pool's yield as "Down" with 58% confidence based on historical patterns.

These notes are derived from the pool's structured data, not editorial advice. See our methodology.